This round of short-term, rapid downward wicks is mainly due to three reasons:

First, the US Dollar Index quickly surged in the short term, causing risk assets overall to see capital leave the market, putting pressure on the price action;
Second, short-term liquidity on the order book was insufficient. Large sell orders smashed the market in an instant, triggering the forced liquidation of a large number of short-term positions, which then created a chain reaction decline. After the price quickly pierced through the support level, dip-buying capital surged in and then rapidly pulled it back;
Third, institutions used the market’s oscillation to wash out short-term follow-the-trend speculative “chips,” shedding uncommitted positions. This is a washout action that typically occurs during an uptrend.
Overall, the upward trend has not been broken. The brief wick does not change the medium- to long-term rhythm; you can continue to lay out according to the original plan.

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